Card payment sucharges banned in Australia from 2026

[MooTime]

It's become normalised over many years with the same process.

Just as it's normalised in UK with very few documents submitted over the years.

Every country is different.

 

[transpactraveller]

How has that become normalised as acceptable in Australia? Most credit card applications in the UK are instantly approved with no documents required.

Because it's what our government requires banks to do for all applications (apparently to "protect" people from getting into debt, unless it's gambling debt...)

Anyway, the Australian credit card legislation forces banks to verify proof of income, and they can only approve applicants who could comfortably repay the full credit limit within 3 years.

Most other countries allow banks to instantly approve people with a good credit rating (ie aren't already in debt) and only assess whether you could make the minimum repayments, not pay back the full debt.

 

[Rembrandt]

I stopped getting AU credit cards because the fees are high and the signup process is ridiculous with so many questions and then all the documentation you need for proof of income like having to upload bank statements and payslips. I’ve never had to do that for any of UK cards I’ve applied for.

I've only ever needed to provide my pay statements e.g. 3 months worth. However, I'm an Australian citizen with a good full time salary so I guess I'm treated differently to someone that may be self employed, works part time, casual or even permanent resident.